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Back Technical analysis
XAU/USD. Analysis and Forecast
The breakout above the $3358 level,
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The breakout above the $3358 level, where the 100-period Simple Moving Average (SMA) on the 4-hour chart is located, against the backdrop of the earlier confirmed hold above the 200-period SMA on the 4-hour chart earlier this week, favors the bulls.The Asian session high near $3375 is the immediate resistance. A move above this level would set the stage for gold to target a recovery toward the key $3400 round figure. Beyond that, last week's swing high in the $3409–3410
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Irina Yanina,
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